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Published on 7/25/2008 in the Prospect News Distressed Debt Daily.

Interep posts $859,000 June net loss

By Caroline Salls

Pittsburgh, July 25 - Interep National Radio Sales, Inc. reported an $859,000 net loss for June on $4.92 million in revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The figures showed improvement over a $3.51 million net loss reported in May on $4.19 million in revenues.

Cash on June 30 was $527,000, compared with $1.21 million at the end of May.

Interep, a New York-based radio advertising and marketing company, filed for bankruptcy on March 30. Its Chapter 11 case number is 08-11079.


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